Changing Financial Systems and the Relationship Between Money and Income in Ten Asian Countries

Muzafar Shah Habibullah

Philippine Review of Economics, 1999, vol. 36, issue 2, 279-310

Abstract: The objective of this paper is to investigate the long-run relationship between monetary aggregates and income in the era of financial innovations and deregulation in ten Asian developing economies using the cointegration approach. The results of this study suggest that money matters for monetary policy purposes in these countries. Moreover, there is potential role for Divisia monetary aggregates to be used as additional financial indicators for policy actions.

Date: 1999
References: Add references at CitEc
Citations:

Downloads: (external link)
http://pre.econ.upd.edu.ph/index.php/pre/article/view/74/516 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:phs:prejrn:v:36:y:1999:i:2:p:279-310

Access Statistics for this article

More articles in Philippine Review of Economics from University of the Philippines School of Economics and Philippine Economic Society Contact information at EDIRC.
Bibliographic data for series maintained by HR Rabe ().